BrightSpring Health Services (NASDAQ:BTSG) Sets New 52-Week High – Time to Buy?

BrightSpring Health Services, Inc. (NASDAQ:BTSG) reached a new 52-week high on Monday . The company traded as high as $23.19 and last traded at $22.93, with a volume of 193733 shares. The stock had previously closed at $22.82.

Analyst Ratings Changes

Several equities analysts have issued reports on BTSG shares. Bank of America increased their price objective on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Mizuho boosted their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Guggenheim raised their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wells Fargo & Company boosted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, BTIG Research increased their price objective on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.65.

BrightSpring Health Services Price Performance

The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The firm has a market capitalization of $4.02 billion and a price-to-earnings ratio of -89.27. The stock has a 50 day moving average price of $18.33 and a two-hundred day moving average price of $15.59.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. As a group, analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Institutional Trading of BrightSpring Health Services

Large investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $216,000. Renaissance Technologies LLC lifted its stake in shares of BrightSpring Health Services by 12.3% in the 2nd quarter. Renaissance Technologies LLC now owns 175,500 shares of the company’s stock worth $1,994,000 after acquiring an additional 19,200 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of BrightSpring Health Services by 10.2% in the second quarter. The Manufacturers Life Insurance Company now owns 117,026 shares of the company’s stock valued at $1,329,000 after acquiring an additional 10,854 shares in the last quarter. SG Americas Securities LLC purchased a new position in BrightSpring Health Services during the third quarter worth about $360,000. Finally, nVerses Capital LLC lifted its position in BrightSpring Health Services by 195.8% in the third quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock valued at $208,000 after purchasing an additional 9,400 shares during the period.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.